CHINA TELECOM CORP LTD Form 25-NSE Filed 2021-05-07

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

OMB APPROVAL

OMB Number:		3235-0080
Expires:	February 28, 2009
Estimated average burden
hours per response:		1.7

Commission File Number

001-31517

	Issuer:	CHINA TELECOM CORP LTD
	Exchange:	NEW YORK STOCK EXCHANGE LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	31 Jinrong StreetXicheng District
	Beijing	100032
Telephone number:	+86 10 6642 0134

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

American Depositary Shares

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

☐ 17 CFR 240.12d2-2(a)(1)

☐17 CFR 240.12d2-2(a)(2)

☐17 CFR 240.12d2-2(a)(3)

☐17 CFR 240.12d2-2(a)(4)

☒ Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

☐ Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, NEW YORK STOCK EXCHANGE LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2021-05-07	By	Jonathan Martin		Manager, Market Watch and Proxy Compliance
Date		Name		Title

¹	Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES The New York Stock Exchange ("NYSE" or the "Exchange") hereby notifies the Securities and Exchange Commission (the "Commission") of its intention to remove the entire class of American Depositary Shares (the "American Depositary Shares") of China Telecom Corporation Limited (the "Company") from listing and registration on the Exchange on May 18, 2021, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the American Depositary Shares are no longer suitable for continued listing and trading on the NYSE. The Exchange reached its decision pursuant to Section 802.01D of the Listed Company Manual (the "Manual") in light of Executive Order 13959 (the "Order") which was issued on November 12, 2020. The Order prohibits, beginning 9:30 a.m. Eastern Standard Time on January 11, 2021, any transaction in publicly traded securities, or any securities that are derivative of, or are designed to provide investment exposure to such securities, of any Communist Chinese military company, by any United States person. Additionally, on January 5, 2021, the Department of Treasury's Office of Foreign Assets Control ("OFAC") provided the following specific guidance to the Exchange: "[P]ursuant to section 1(a)(i) of E.O. 13959, U.S. persons cannot engage in certain transactions (as specified in the E.O.) in the ADRs of China Telecom Corporation Limited (NYSE: CHA), China Mobile Limited (NYSE: CHL), and China Unicom (Hong Kong) Limited (NYSE: CHU) after 9:30 a.m. eastern time on January 11, 2021." Following the issuance of the Order and pronouncement by OFAC, the National Securities Clearing Corporation ("NSCC"), the entity that performs the clearing function for transactions on NYSE, announced that as of January 11, 2021 it would not provide clearing services ("trade capture") for the Company. Without the clearing services performed by NSCC, trading cannot occur on NYSE. Pursuant to these announcements, the Exchange determined that the American Depositary Shares of the Company should be suspended from trading as of January 11, 2021, and advised the Company that it had also determined to commence proceedings to delist pursuant to Section 802.01D of the New York Stock Exchange Listed Company Manual (the "Manual") as the Company was "no longer suitable for listing." A press release regarding the suspension and delisting was issued and posted on the Exchange's website on January 6, 2021. The Company had a right to appeal to a Committee of the Board of Directors of the Exchange (the "Committee") the determination to delist the American Depositary Shares, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. On January 20, 2021, the Company requested a review of the determination by the Committee. On May 6, 2021, the Committee affirmed the determination of the Exchange to delist the American Depository Shares of the Company. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.